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On July 1, 2019. Pharoah Co. pays $17.200 to Wildhorse Insurance Co. for a 4-year insurance contract. Both companies have fiscal years ending December 31

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On July 1, 2019. Pharoah Co. pays $17.200 to Wildhorse Insurance Co. for a 4-year insurance contract. Both companies have fiscal years ending December 31 For Pharoah Co, journalize and post the entry on July 1 and the adjusting entry on December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record joumal entries in the order presented in the problem, Round answers to decimal places, eg. 5,275.) Date Account Titles and Explanation Debit Credit Dec 31 Uneared Service Revence 17.200 Service Revenue Prepaid Insurance 7/1 17,200 12/31 Insurance Expense e Textbook and Media List of Accounts FE 0. ST # 3 2 $ 4 % 5 & 7 6 00 W E R T Y U O P A S D F G H J X L N C V B N . 28 command command

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